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in my lifetime with respect to broad openings in china. a, diplomatic openings. the ones who want to recognize china will abide by the one china policy. the economic doors that have taken china to a relatively small economy to the second largest in the world. and 3, primacy of the party with its 80 million members and 3000 outposts in the world. now you have xi jinping rising to power. he has been given the party mantle and soon the military and the presidency. before him will be new questions much different from the ones that deng xiaoping was responsible for acting upon. before xi jinping will be questions like, is china more repressive at home today than in earlier years. is china more nationalistic in its economic practices, but jiggly those among the enterprises? has china become more assertive internationally? i would argue east of these questions carried fairly profound rule of law implications. as xi jinping rises to take the top position in china and wrestles with new challenges and attempts to answer any questions, i would argue that many of them are based in basic rule
still get a brookings conference last month about china's legal system. first we will hear a brief introduction of justice breyer. >> for 20 years i've been advising the very senior chinese roughly half of that on financial and economic matters and the second half on a whole variety of topics. about ten years ago i remember the first time i met jerry cohen. we started talking about the rule of law, and i said to him at the time what strikes me about the topic is other than the one occasion i can think of and i can only think of one other than the occasion of was in the state department and bill clinton was president at this topic in my view has never gotten the attention the most senior level discussions has been treated like a technical topic with technicians and not as a fundamental topic but in the relations of the two states. in my own experience i always say that the chinese leadership, the most distinctive characteristic to me is they are systematically opened. that is to say the basic modus operandi is any particular topic let's look throughout the world at the best ideas th
and tolerance. the pope also prayed china's new leaders will shington's ability to avert the fiscal cliff. on monday before closing for christmas, the dow lost 52 points, while the nasdaq dropped eight. >>> new taxes to help pay for the affordable health care act take effect january 1st. the average american won't be spending more money to the irs. the wealthiest 2% of americans and the health care industry will pick up most of the tab. >>> milk is a staple in every home, ask starting in the new year you could be paying twice as much for it. a government subsidy expires at the end of this year. unless congress extends it, the cost could skyrocket to above $7 a gallon, putting a major hirchlg on families already struggling to make ends meet. >>> bad news for retailers. holiday sales proved this year it was the weakest since 2008. one report put the increase at just 0.7%, are far below analyst predictions of 3% to 4%. superstorm sandy and the looming fiscal cliff disrupted the shopping season. >>> and if you are returning my holiday gifts, have your right and a lot of patience. usa today re
it will be a buying opportunity, we like companies that have good market share globally especially if china starts to grow a little bit and we like the european companies that were beaten down particularly the large caps, that we will take advantage of the emerging market, china moving up. we like anything associated with housing and they have been performing very well even on days when the market has been selling off and you can see the strength of their but the warning is if we go off of this, everything is subject to more sell-offs. perhaps more bargain hunting. adam: fiscal cliff negotiations are moving as deadly as rush-hourrtraffic in boston which can be a nightmare. you have a good new year. let's hope they get a deal done. all the best to you. >> thank you. adam: it is a quarter till time to check stocks again. every 15 minutes we doing here. lauren simonetti will do that at the stock exchange. >> volume is light but traders -- we saw a triple digit loss for the blue chip average down 89 points, declined across the board, volume decisively lower, the margin between gaining and losing stock
think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particular will be dominant. it will be stronger than its been anytime since middleages. there will be no more pax americana as its known. china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you som
help. the only culprit that i can think of is china because china has supplied technology to north korea's missile program in the past. we saw that on april 15th where the missile launchers they came from china. they were paraded in pongyang. they sold the missile launchers, probably sold the missiles and sold the same launchers and missiles to pakistan. we shouldn't be surprised china is there. melissa: speaking ofoney, you brought that up, north korea spent $3.2 billion over 14 years on weapons. annual per capita salary in the country is $2,000. you know, i mean it's a tough comparison. why is this meaningful to us though, that they have achieved this? >> well, because within a year, maybe 18 months, they will be able to put a nuclear warhead on a long-range missile and send it to the united states. we really have no defenses for that. once it is in the air it is very hard for us to shoot it down. which means we don't have that much time to stop the north korean missile program. this is unstable regime after all. this is not like the sovietnion, a status quo power. this is countr
, a man entered a school in the province in china, obviously, mentally disturbed, he tried to kill as many children as he could. but all he had access to was a knife. the result, despite many injured, not one child died. the problems that for deuproduc newtown mas ker. you find my column on cnn.com/fareed. let's get started. >>> so, let's get right to it. a conversation about the real economic problems this country faces on my right and on their right glen hubbard the former chief economic adviser of cheney campaign. on my left, peter orzack, obama former budget director and sort of in the middle, the economist, economics editor and kristen editor of reuters digital. i promised we were going to get past the cliff. but i have to ask a few questions about it. you don't think it's that big of a deal if we go over the cliff. >> i don't think it's that big of a deal if we get to january 3rd or january 4th and we don't have an agreement because we'll have one very soon after. if we did nothing for months, it would be disastrous. not only the combination of tax increases and spending cuts push th
.n. security resolutions. he also talked about china's decision to the aircraft carrier in the obama administration shifted À la terry resources for the pacific region. this is a half-hour. >> well, good morning and allow hot. i am glad to be here to talk to you about the pacific command, where we are today to where we see ourselves heading in the future. since the last time i was here, we continue to move forward on the rebalanced initiative after as directed by president obama. the rebalanced rows on the strengths of the entire u.s. government, including policy, diplomacy, trade and of course security and that the area i work in. for me, the rebalanced has been and continues to be the strength of the relationships, adjusting our military posture and presents and employ new capacities to ensure we continue to effectively and efficiently contribute to the stability of the asia-pacific as we protect u.s. national interests. of course the keys to success of the innovative access agreement, greatly increased exercises, rotational presence increases come efficient force posture in yeste
months ago buntline and india's investment. -- china and india's investment. the rep level in which they are investing. from pre-k through college. there will have more in china and any of them the entire u.s. work force. we're focused on a global economy. those from harvard are competing globally with students from china, germany, brazil. tavis that transform the way we think about education? do you think your role as straining american leaders? are you looking at attracting global leaders? >> there are so many questions. let me address a few of them. there are numerous kind of statistics that we have a preeminence of college graduates in our populations and levels of participation. we are losing this. we have once last three of the world's college graduates. that is an interesting illustration of a shift in the dynamism. i see this when i travel. a huge commitment to public resources. huge energy to enthusiasm of higher education. india wants 15 -- 1500 new universities by 2020. meeting about hong kong this week. i learned that hong kong university is expanding undergraduate educa
. >> number 5, china. is china slowing or leading the world? we do know choina will be the biggest economy in the world by 2020, for sure by 203. china getting more than a few mentions during the presidential campaign, probably because it's pretty clear china is both a competitor and a partner. >> number 4, europe. the european union was fractured by too much debt and the us a trty plans to fix it. that saga is far from over. >> number 3, the housing market finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. investors began buying entire neighborhoods but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number 2. >> cnn projects that barack obama will be reelected president of the united states. >> the next. more than just about obama and romney. it was about socialism and capitali capitalism, about what kind of role government should have in your life. >> number 1 is the fiscal cliff. lawmakers saw it coming but didn't bothe
. >> in shanghai in china they sang an alternative version of auld lang syne. >> and in hong kong a more familiar one. ♪ auld lang syne ♪. >> a sum >> holman: a somber mood prevailed across india on new year's eve, as the country mourned the victim of a gang rape. celebrations were scaled back after the 23-year-old woman died on saturday at a hospital in singapore. the attack on her has triggered mass protests in india. today, amid candlelight vigils, there were more calls for tougher rape laws. . >> we have all decide tad that we will not sell brat new years because this year we have lost a sister from amongst us. and whenever we lose someone of our own, or that person passes away we mourn for them. this time we are spending new year's in mourning >> holman: six men have been arrested and charged with murder in the attack. former president george h-w bush is showing signs of improvement. over the weekend the 88-year-old was moved out of intensive care at a houston hospital, where he'd been fighting off a fever. the 41st president was admitted on november 23 with what began as a bronchitis-re
the first ever fireworks display in this secretive country. >> in shanghai in china they sang an alternative version of auld lang syne. >> and in hong kong a more familiar one. ♪ auld lang syne ♪ ♪. >> a sum >> holman: a somber mood prevailed across india on new year's eve, as the country mourned the victim of a gang rape. celebrations were scaled back after the 23-year-old woman died on saturday at a hospital in singapore. the attack on her has triggered mass protests in india. today, amid candlelight vigils, there were more calls for tougher rape laws. . >> we have all decide tad that we will not sell brat new years because this year we have lost a sister from amongst us. and whenever we lose someone of our own or that person passes away we mourn for them. this time we are spending new year's in mourning >> holman: six men have been arrested and charged with murder in the attack. former president george h-w bush is showing signs of improvement. over the weekend the 88-year-old was moved out of intensive care at a houston hospital, where he'd been fighting off a fever. the 41st presid
. >> reporter: the problem is there are very few options in terms of appropriate action. as you know china sits on the u.n. security council and has blocked efforts in the past to sanction the north korean regime. they are its only ally but a very powerful ally. it is not clear at this time whether china is willing to go along with any u.n. security council recommendations for further punishment of north korea. they are in violation of two significant resolutions but it is unclear what real authority the international community has in terms of punishing north korea further. jenna: interesting tie some of our top stories together. china continues to be a problem in syria. that is our top story of the day. jennifer, we'll continue to watch developments there. jon: watching the crisis in syria, a nation that continues to unravel. there are reports that more than a dozen died in a car bombing, many of them women and children. the state news agency say a car packed with explosives blew up near a school in a neighborhood outside the capital of damascus. we're learning forces loyal to president bashar
forces. itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: the election commission in egypt confirmed today the new constitution won nearly 64% of the vote in a referendum. the panel also reported turnout was just a third of the country's 52 million registered voters. president mohammed morsi and his muslim brotherhood backed the draft constitution. opponents warned it paves the way for islamic rule and curbs on civil liberties. the six persian gulf arab nations demanded an end to what they called iranian interference. they issued a statement today at the end of the gulf cooperation council's annual summit. the statement gave no details. the six u.s. allied countries, also called for swift international action to end the bloodshed in syria. in central asia, a military plane crashed early this morning in kazakhstan killin
is about to kick off in china, including ice and snow sculpture competitions music performances, and other activities. more than 2000 works will be on display. that is kind of like what we see at the gaylord the national harbor, just a little bigger. >> we are looking at a wine the night and one in the day tomorrow. . windy night and day tomorrow. looking outside right now, the camera is not moving much on top of the building, but the wind is increasing. when gusts up to 40 m.p.h. as we move into the early morning hours, into the day tomorrow. the temperature right now, 40 degrees at reagan national, the windshield not so bad, 37. frostburg, 43 m.p.h. wind gust over the past hour, 27 degrees. 36 children's hospital, the wind gust over 40 m.p.h. the western side of maryland, 40 m.p.h. or wind gusts, the same wind at about 20, the temperature of 24 an accident maryland the clouds beginning to dissipate, 30 degrees dulles airport, gaithersburg 36. fredericksburg 42 degrees. the really cold air, well off to the west, seven degrees minneapolis. the arctic cold air is not going to make its way
tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s. officials welcomed a high-level chinese delegation for trade and economic talks. the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swis
market ranked as the best performer. if we look at the charge of coming in in second place, china and brazil. why the vote of confidence considering all these concerns about the fiscal cliff? >> you're right, susie. it's interesting. it's a happy holiday season for investors. in the u.s. the stock market is going to have returned close to 13, 14%. and charter financial analysts around the world that we surveyed as you say feel petty good abou the prospects for next year. markets often do climb a wall of worry but in perspective we've had resolution of political uncertainty here in the united states. the new political leadership in china appears to be market friendly. we have avoided having southern europe slip into the mediterranean. and so also given other asset classes equities appear to be relatively attractive. >> let's talk about that, actually. because did you ask the people that you survey what are the best asset csse and stks got-- was at the top of the list. let's look at the list here, followed by precious metals, commodities, bonds and cash at the bottom of the list. te
by "the detroit news." he's told chrysler to italians were going to make jeeps in china. romney will fight for every american jobs. >> ibm @ rahm and i approve this message. host: that ad was quickly refuted by the obama campaign. this ad became a real distraction to the campaign in the following weeks. they will say if you looked at where the results were in ohio, where they lost was not in the automobile district but elsewhere. it created a stink over the romney campaign in the final days that hurt him everywhere. to us, this ad captures something important. it is their uneasiness about talking about issues that are not helpful for them earlier on but they had to be talked about. this saw the automobile issue was playing on obama's turf. they were talking about it so it was an issue out there. when you don't talk about it and don't explain it, that's a problem. there was a notion run the campaign, if you are explaining, you are a loser. the problem was by not explaining or even addressing, they let themselves be defined. they realize this late in the game. there was huge pressure from el
to china and get the cheapest labor possible. now you have workers in the united states saying this is what we need. if you look at the dock workers, dock workers in the 1960's, about 35, 40,000. now down to 4,000. only 10%. why? because of automation your previous guest was talk. >> 64,000 for the longshoreman's union. but haven't unions priced themself out of market? they made themself obsolete. you pointed out, if you don't want to do business here, go to china. >> here's the deal, you have to import goods in the united states. what they've done is through automation, they have less and less dock workers. what the dock workers got as a concession was you have to give us a royalty on shipments given you're using automation. no you have owners of dock yards saying no, we're going to take that away or freeze it for people who come later. >> but why do you want to freeze business? why stick business in the mud right now so we can't progress? i'll give you a personal example. i was a floor trader, a human being on a trading floor. guess what happened? they figured out machines could do it bet
. if you look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign country that has cheap labor. the top patriotic american companies are parking their profits and offshore accounts so they do not have to pay a fair share of their taxes. the bottom line is since the late '70s, the wealthiest 2% in this country are making 25 times their wealth that they made a black -- back then. there are only paying 40% more in taxes. this country is doomed if we do not start putting terrace of the imports coming into this country. the republican party is selling you an outright lie. thank you. host: let's show you a facebook posting. the economist and professor at the university of maryland will be with us and about 25 minutes or so. he will take your calls and give you his economic outlook for 2013. he has written a lot on the matter. from west virginia, independent. caller: is, sir. i would just like to say that i am not very optimistic above the future of the united states right now. we are in so much that it is pathetic. our budget is way over. this pre
to help china, and china is the biggest abortion country in the world. when you throw all this into a big mixture, you cannot blame the gun. host: thank you for the call and comment. a bitter fight had on gun control, according to the washington post. we are following some of the options on what is next. speaker boehner is confronting a political cliff over the budget track is, putting out that the speaker's leadership and legacy remained at stake. they point out that in a show of support, house leader eric cantor. at a news conference with the speaker in a call to extend the tax rates. some have urged congressman tom price of georgia to challenge john deere for the job. much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on friday as he nominated sena
pickpocket. >>> number four, big trouble in communist china. everybody thought one of the most powerful politicians in china party chief boojili was getting rid of crime and corruption till this summer when a court convicted his wife of murdering a british business man and the government accused him of trying to hinder the investigation as well as taking bribes and abusing his power. now he's been kicked out of the communist party. leaders voted to expel him in november number three, a service becomes not so secret. the role of protecting the president when he trabs abroad has moments of glamour and excitement. that included hookers for some is secret service agents and military personnel visiting cartagena in advance of the president's arrival last april. it won't have bothered colombian authorities since prostitution sgs legal there. local police only got involved because of a hotel altercation between a woman and a secret service agent over the payment. number two, it's been called the building that never sleeps but the bbc's london headquarters says it was completely unaware of the
. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is th
. >> thank you for coming. >> my pleasure. >>> nothing else like it in the world. here is the bad news. china has it, and, well, we don't. we'll explain that one, coming up. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ >>> it is 47 minutes past the hour. let's get you to the top stories. tornadoes. 186,000 people without power in arkansas. me more than 27,000 out in alabama and thousands in the dark in mississippi and louisiana as well. >>> a beast of a snowstorm is crippling parts of the midwest. blizzard conditions in the forecast for ohio, pennsylvania and missouri. some places could see a foot of snow or more. >>> look at this. look what it looks like here in indiana. leave look at seymour, indiana, where it's coming down pretty hard. we had a better shot earlier, but they will get
stolen dinosaur bones from mongolia china. the smuggler sold the skeleton to a new york buyer for more than $1 million. that is when it caught the eye of federal officials. homeland security conducted an investigation into the fishy fossil dealings and in october arrested the florida dealer. prosecutors calling him a one man black market in prehistoric fossils and yesterday he pleaded guilty to smuggling charges and agreed to give up the one million dollars dinosaur skeleton. it will be returned to mongolia and the smuggler facing up to 17 years in prison. if a giant stolen dinosaur can get into the u.s. undetected t what else can get in? go to greta wire and tell us what you think. that's why sheh the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's no
or the executive branch can nullify a statute passed by congress. >>> no secret china is coming on strong as a global power. but a new u.s. intelligence report predicts how far and fast china will move. >> the national intelligence council says by 2030, just 17 years from now, china will likely have passed the u.s. to become the world's largest economy. the report says that overall, asia will top north america and europe with population, military spending and investing in technology. >> and one of the bright spots for the u.s., we are expected to become energy independent and the world's largest exporter by the year 2030. people talk about china and their booming economy over there, and this quantifies just how fast they are coming on. pretty amazing. >> the world's population is projected to rise to 8.3 billion from 7.1 billion. and demand for food will go up 35%, and demand for water, 40% more than current water supplies, making water a likely cause of regional conflict, particularly in south asia and the middle east. water and food. there's not going to be enough for us. >> what a brig
one high school. only two groups they met was on visit to china in april. >> we are very excited about the opportunity. challenge is the limited rehearsal time we have. that is what we're here doing. >> the two bands have been practicing in their home country for more than a year and while language is a barrier, music is the common denominator. she shared her thoughts through an interpreter. >> she is glad we can practice together and make friends. >> together the musicians call them the east meets west fusion band. >> fish to harmon nice recognizing music they must negotiate steps for a turn on the parade routed. >> i've never heard of any kind of turn. i usually see 90. >> they are all expected as the teenagers perform with a performance of a lifetime. >> we will see two cultures together with a boom and boom. >> if you tune in on new year's day, san jose valley christian will be wearing blue uniforms. chinese will be dressed in red and together the music will make history. >> katie: i can watch them and rest of the parade new year's morning beginning at 8:00 right here on abc7. and
assad. >>> in china, the bigger they are, the harder they fall. an office building tumbled into a pile of rubble this week, marking the end for the high-rises workspace for a chinese airline. it took 9,000 detonators and explosives to bring down that concrete giant. >>> officials in newtown, connecticut, have a message for well-wishers in the wake of the december school shooting that claimed 26 lives, please stop sending gifts. they say they are overwhelmed with all the stuffed animals and toys. >>> meanwhile, newtown officials say they have a plan for the flowers and gifts left at roadside tributes. nbc connecticut reporter george coley has that story. >> reporter: if the outpouring of support for residents of newtown could be measured by makeshift memorials throughout the community, it is over flowing. john and his son from pennsylvania stopped to drop off flowers on the way to visiting family in massachusetts. >> we wanted to pay tribute to all of the children, the teachers who lost their lives, you know, in this great tragic event. >> reporter: now the town is making preparations f
your report opens up. a tragic tale of a legal immigrant to this country from china, she was brutally attacked by an illegal immigrant from china, and after chen served his prison term, china refused to take him back. what happened? >> immigration officials in texas let him out more than once, and no point did they ever warn ms. wu this is a wider issue in the immigrant question. that's secrecy. they don't tell the public very much unlike the criminal system who they arrest, who they detain, and what happens to them in the case of ms. wu, she thought the man who brutally attacked her was in china and one day, three years later, he walks through her door and shortly after that kills her. >> why is this happening? why do we have no dodknowledge it? >> the immigration system says they are a civil immigration agency, they detain people they treat like criminals whether they have a record or not and they said that they believe that this is a private matter, that they need to protect the immigrants's privacy. so when we request the name of criminals, they said that the public interest in th
. but competitors in china are, rush show were trading on a daily basis. -- my competitors in china and russia work training. this is a position of irritation of a triple jump. i was like a robot in the sense that everything i was doing, the hours i was putting in it, the morning, the afternoon, the evening, i trained all they basically. my first session, 10:00, i was basically of the rank by nine and my last session would be at 6:00-6:30. then i would go to the gym. i look back, no wonder i was in really good shape. >> where did that drive? how did that drive? where do you get that drive? >> we were talking earlier about the role of parents. when you had mentioned the tiger mom or the tiger parents, we did not have tiger parents. they were there to support me and be there in times when i needed a push culminated motivation. it is just one of those things when you have a passion and a vision. you do not see anything else. that is what drives you every day. >> you just got engaged. are you going to be a tiger mom. [laughter] >> looking at the way i was raised with a set of rules and just the way my
would be short yen and long japanese stocks. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will see a selloff. i don't know how considerable, but certainly see the 2, 3% decline in the market. >> does it amaze you, steve, that the markets, in your view, still consider a given that we are going to reach a deal? here we are thursday, december 27th. they still haven't issued a 48-hur notice for congress to return to capitol hill and yet you're saying the markets have baked in some sort of deal? >> yeah, i think so. i don't in he isly think the deal happened december 31st. if we pass waite without a deal earthquake the market will think something is going to happen in
they plant to china. >> what does this world come to for lie of the year? is the claim by the romney campaign that jeep was going to move its production to china at the cost of american jobs. >> the 2012 lie of the year -- ♪ guess what the truth is ♪ ♪ this can't speak anymore ♪ >> the most outlandish -- ♪ liar liar pants on fire ♪ >> stephanie: liar! ♪ liar ♪ >> untrue statement of the entire year in politics. ♪ born born to be a liar born to be a liar he was born ♪ >> stephanie: he was born that way. thank you rocky mountain mike. all right. so you have -- tina dupuy has the -- the 2012 naughty or nice list. >> that's right. editor and chief of thecontributor.com. >> stephanie: i was get doing that. good morning, tina. >> good morning, stephanie. >> stephanie: would you like some festive christmas music for your list? [ laughter ] >> my favorite. >> stephanie: i love -- first starting on the naught david petraeus for choosing a mistress who clearly cannot keep a secret. >> seriously. this is just a sex thing. we're obsessed with sex scandals. i'
more cooperatively to counter china. so certainly senator kerry, if he becomes the next secretary of state have a full plate. >> what was he like in terms of his personality? i covered him in 2004 when he was running for president in george w. bush and he was not really able to relate or identify to everyday folks, but he has quite a reputation overseas and abroad. overseas and abroad he has a reputation for knowing issue and he has relationships with a lot of world leaders and it was senator john kerry who convinced afghan president hamid karzai to go for a runoff election when the presidential elections were in question and i think he's going to be able to relate to leaders suft as secretary clinton did as a politician when these leaders are having problems compromising to say, listen, i'm in your seat. i know where you've been and run for office before and i think that will serve him well. here in washington, he is seen as someone who is very confident and on top of his brief and also someone who likes to control issues, and such as the middle east. he's someone who drills down
and china see their emission levels rise to the levels of the united states, global carbon levels go up 30 %. that's a huge difference. and whether or not you believe in global warming or you're just worried about the price of gas at the pump, we all have a lot to gain by china and india building up rather than out. and i think the most important thing for america to do in order to encourage that to happen is get its own urban policies in order, and that means stop treating our cities as if they are the ugly stepchildren of america and recognize them for the intellectual heart lambed, the cultural heartland of this country. and to me that means rethinking policies that act as if the american dream can only mean being a homeowner in the suburbs. it means rethinking policies that pay for highways with general tax revenues, focusing above all on our city schools which are such critical ingredients for urban success and such a critical problem which despite enormously hard work by people like mayor menino, like the city council, like leaders throughout this country are still so far from what t
on the world's fastest high-speed rail line. in china, of course, that here. it runs from beijing to southern china. it tops out at 186 miles per hour. compare that to amtrak, they travel at top speeds of 125-150 miles per hour. but that is rare. 150, when, show me, amtrak. commodities are having a very bumpy ride. taking a look at oil. something we do not like to see if you drive a car. jeff flock has a very latest on this. jeff: a slow day at the cme. this is the euro dollar option pits. though oil. is very active. let's put up wti to start with. up over two dollars, up over $90 right now. just short of two dollars. you think, oh, do they know something about the fiscal cliff? not that at all. it is actually action in the middle east. reports of military exercises have commenced. military exercises in there and later in the week more military exercises. brent is off as well. heating oils are up. everything is up. even on a slow day here at the cme in chicago. dagen: good to see you, jeff. jeff flock reporting. thank you. the pentagon planning to deal with half a trillion dollars in budget c
industry goings ghost to china and honduras, the replacement for that should be skilled blue collar labor. >> the jobs -- >> got a computer guys. >> the tinkers, too. we don't allow our children to go outside and play, for whatever reason. when is the last time you saw a kid building a treehouse? >> they're afraid of child molesters. >> exactly. instead of fixing the bike, they throw a bike away but we used to learn those skills. >> you make a very good point. president obama wants to create green jobs. >> doesn't exist. >> not yet. >> a job is a job. whether you putting a nut and a boltonia pickup truck or a wind machine -- >> you think that maybe the president put in of the money instead of in the green jobs, this the -- you call them tinkering jobs, be a tinger. >> well go back to the way it was. give the kids the opportunity, study math but also study wood shop, metal shop. >> here's the final question. president obama says we're softer society now. we're not willing to work hard anymore. you see that with these demonstrators, yelling and screaming we're not taking seven dollar jobs.
boots and alden shoes the exception. wages for low-skilled jobs in china about $15 a day are rising. slinking the labor differential. making the u.s. products more competitive. they have increase in u.s. sales in furniture, fabricated metals, plastic a electronics. after detroit made bad cars in the '70s, the american products got a bad rap. now many american products are revered for quality and durability. as the brand improves, many expect sales to follow. >> thank you. later, touching story about a girl's effort to make a big difference for other sick children. first, seasonals coming home to holidays. we will talk to folks two work hard to make the journey special. flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. if we took the already great sentra apart and completely reimagined it with best-in-class combined mpg, and more interior ro
on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. as china prepares to usher in the year of the snake we're looking at the year of the grumpy cat and the puppy the size of an iphone. 2012's we'dest moments from the animal kingdom. >>> then there's this before we call it a day on "studio b." it seems nobody's figured out facebook's privacy setting.
if a bomb caused it or an exploding gas cylinder. many run on natural gas. china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy
a person's family he is okay and bring him news about life in china or if he has moved to the united states or south korea or some such place, news about that country. and then the exiles who have escaped are doing things like setting up radio stations in south korea that broadcast information to north korea. >> they are beginning, north koreans are beginning to be empowered by information and once they are empowered by information the hope is that they will demand more from their regime. >> greta: i got to go. a great book. thank you for joining us. >> thank you. >> greta: it is everywhere. does it make the cut for the best viral video? best viral video? don't forget to post y y y y y this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet
it or an exploding gas cylinder. many run on natural gas. china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining
imported china, next to an essay about political issues. they could get personal. they go nasty back and forth. it was important back then. >> also poetry, nasty gossip [n][laughter] n]. >> some of these exchanges are reminiscent with on-line exchanges anonymous swiping at each other than the opposing newspaper. it always strikes me these days we think it is the anonymity people spew out the fact the answers because they're not thinking but then they had three days to think they knew who was in a still decided so i will talk about his illegitimate child [laughter][n. >> speenine what would be the most prized possession regardless of any fee paid? what you hope to acquire? what don't you have it in your collection? >> newspapers range in value with condition, a timeliness of the milestone whether american or british a variety of factors that range from tens of dollars to tens of thousands. the most coveted to many of those objectives, was the first printing of the american it declaration of independence from the pennsylvania evening post. 1776. it is very desirable. >> do you have it?
plunged into a pond in eastern china. chinese authorities say that the 7-seat van was taking 15 kindergarteners to school when it went off the road. authorities pumped the pond out to look for victims. four children, a driver and a teacher survived. >>> in upstate new york, police say they found the body in a burned out home of a man who shot and killed two firefighters. they believe it could be the gunman's sister. cbs reporter at at that tatiana anderson with the note detailing the gunman's intention. >> reporter: investigators say ex-con william spangler started this christmas aye fire and gunned down first responders when they arrived. the 62-year-old took his own life but left behind a note detailing his plan. >> he was going to go burn as many houses as possible and do whatever he was going to and this is kill people. the note does not explain why spangler wanted to kill. we have been shot at. multiple filings down. >> spangler had three guns, including a bushmaster 223, the same kind of weapon used in the newtown, connecticut, school shooting. two firefighters were kill
and the other with bush xliii and we passed nafta on the bipartisan basis and trade relations with china on a bipartisan basis, and i'm sorry, i can't accept this business about how the economy is so terrible and we have to act bipartisan. we have to be where the two parties can talk to each other and where the house leadership say it's my way or the highway and if we get 215 votes on my side, that's just wrong. >> go ahead, david. >> i've dealt with the speaker and that's a fundamental enter prettiation. so when the bills pass, there is a lot of support. at one point the speaker and the were are a whole lot of money to us, but in the grand scheme of things it wasn't. what happened? >> they were all ready to have this dole and the president decided to up the amount of revenue he wanted by 400 million. the speaker was clear about what he could do and not do and at the last minute the president decided to change it. that is not my interpretation. >> what happened is the speaker has left 40 or 50 republicans, tea party, radical right-wing republicans have a veto power over everything, even
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